Ullico Inc.’s property and casualty coverage subsidiary,
Ullico Casualty organization, Inc., may additionally offer up to $25 million in
multiemployer fiduciary liability insurance in its application with Alterra the
us insurance Co., a Markel organisation. The $10 million growth in coverage is
now available as extra to the fiduciary legal responsibility number one shape.
As multiemployer price range face new pressures from
regulatory bodies or confront accelerated investment demanding situations,
trustees can also want better limits to account for these extra exposures.
Ullico Casualty institution can personal liability greater notably and also
will permit Ullico Casualty organization to underwrite larger, national gain
finances though one insurance software.
in line with William okay. Cavanagh, president of Ullico
Casualty group, the organization’s expert liability retained over 96 percent of
its business in 2014, wrote over $5.1 million in new enterprise, and
successfully managed loss ratios.
“we've got demonstrated ourselves to Alterra the united
states and Markel, two strong and
respectable companies, so we may further develop our alliance,” he said.
coverage highlights consist of a “duty to guard” policy form
with the policyholder’s right to choose suggest, extensive definitions of
insured and wrongful act, and coverage for fiduciary exposures. different professional legal responsibility
products from Ullico Casualty institution encompass union legal responsibility
insurance and governmental fiduciary liability coverage. insurance furnished by using Alterra the united
states coverage Co.,
a Markel enterprise.
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